1700 SW 16th Ct Gainesville, FL 32608

1 bed · 1 bath · 642 sq ft · Lot Size: 186,785 sq ft · Residential Condominium
Est. Property Value: $115,358

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1700 SW 16th Ct is in the 32608 neighborhood of Gainesville, FL. It is located in Alachua County and ZIP code 32608. This Residential Condominium was built in 1987 and is approximately 38 years old. The residential condominium spans 642 sq ft with 1 bedroom and 1 bathroom and sits on a 186785 sq ft lot. According to public records, it was last sold in 2024 for $140,500 and has a tax-assessed value of $105,000, which is $180 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1700 SW 16th Ct Gainesville, FL 32608 with Property Intel by Whitepages.

1700 SW 16th Ct

Gainesville, FL 32608

Neighborhood

Owners & Occupancy for 1700 SW 16th Ct

No contact information is available.

Occupancy

Resident 1***************
Resident 2*********** age 64
Resident 3************* age 81
Resident 4************* age 30
Resident 5************************* age 27
Resident 6*************************
Resident 7************ age 53
Resident 8**************** age 69
Resident 9************
Resident 10****************
Resident 11************
Resident 12*************
Resident 13***************** age 49
Resident 14****************** age 46
Resident 15***************** age 53
Resident 16********************* age 44
Resident 17************** age 24
Resident 18******************
Resident 19*********************
Resident 20********************** age 35

Property Financials for 1700 SW 16th Ct

1700 SW 16th Ct, Gainesville, FL has a mortgage from Mortgageadvisors.com (orig. August 16, 2024). The Alachua county assessment for 2023 values it at $105,000, with annual taxes of $2,410.

Mortgage & Equity Information

Loan Amount$******
LenderMortgageadvisors.com
Origination DateAugust 16, 2024
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date******************
Equity View Equity

Property Tax

Purchase DateAugust 09, 2024
Property Tax Amount$2,410 in 2023
Purchase Price$140,500
Assessed Value$105,000 on 2023

Investment Potential for 1700 SW 16th Ct

The property has a current estimated value of $115,358, which is 2% below the zip median, based on public records. It last sold on August 09, 2024 for $141K. Projected long-term
is $27,600 annually ($2,300 per month) with a 80% occupancy rate.

Discover more Residential Condominiums in 32608.

Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
80%in 32608 zip code
 
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Property Details for 1700 SW 16th Ct

Property Details

Property Sq Ft

Living Area

642 sq ft

20% below market

Lot Size

186,785 sq ft

40% below market

Price Per Sq Ft

Living Area

$180 / sq ft

1% below market

Lot Size Area

$1 / sq ft

62% above market

Property condition, age, exterior, etc. for 1700 SW 16…
Longitude: -82.340832 Latitude: 29.635281 Parcel Number (APN): 15486-416-024…

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Market Benchmarks

Compare data for 1700 SW 16th Ct in Alachua County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$115,358
$179,959
-$64,601 (-36%)
$212,381
-$77,217 (-36%)
YoY Price Change
5.03%
17%
Year Built
1987
1975
12 years
Living Space
642 sq ft
747 sq ft
-105 (-14%)
$ Per Living Sq Ft
$180
$250
-$70 (-28%)
Lot Size
186,785 sq ft
22,127 sq ft
164658 (744%)
$ Per Lot Sq Ft
$1
$10
-$9 (-94%)

Net Operating Income
$19,699
$937 (5%)
Annual Revenue
$27,600
$27,000
$600 (2%)
$7,396
-$432 (-6%)
Net Operating Income
$19,699
$937 (5%)
Cap Rate
10.99%
Home Value Comparison: Property vs. Local and Regional 1-Bed Residential Condominium Medians

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